9706/12 Accounting Feb Mar 2021 Online Test | Cambridge AS and A Level MCQ
Marianna rents part of her premises to Paul.
On 1 April 2020, the rent receivable account showed a balance of $800 as Paul owed rent for the last month of the financial year ended 31 March 2020.
From 1 April 2020 there was a 5% increase in the annual rent.
Marianna received payments from Paul during the year ended 31 March 2021 totalling $\$ 10040$.
Which figures should be included in Marianna’s financial statements…